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Mikhail Fradkov chaired a conference on Monday, to discuss measures to meet the country’s demand for electricity and gas
Russian Prime Minister Mikhail Fradkov chaired a conference on Monday, to discuss measures to meet the country’s demand for electricity and gas. Taking part in the meeting are the Ministers of Industry and Energy, Economic Development, Finance and other departments concerned, as well as the executives of the leading energy companies, such as RAO UES electric utility and Gazprom. The conference was part of the preparations for the upcoming Cabinet meeting which will discuss the issue at length. The results of the conference and the proposals worked out at the upcoming Cabinet meeting, will make the groundwork of the prime minister's report to President Vladimir Putin. Last Wednesday, Putin convened a conference in the Kremlin over fuel supply problems, a second such meeting in a month. He also criticized the government for the failure to fulfill his earlier instructions. Putin recalled that his instruction issued in October listed a range of measures, including guarantees of connection to the grid infrastructure, the use of state guarantees to attract loans, tax incentives, the streamlining of permit procedures at all stages of investment projects and the co-funding of research and development. "Budget-2007 envisions the largest investments in the past 16 years - 45 billion roubles for the development of power generation; a number of capacities are due to be commissioned," Putin said. He is convinced however, that "the measures taken are insufficient." "I ordered to specify the energy consumption program and the dynamics of tariffs changes, come up with a more precise prognosis of changes in the fuel balance, and work out a number of regulations stimulating the development of power generation," the president reiterated
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